The Securitization Markets Handbook / Bloomberg Professional (PDF)

In this long-awaited handbook, noted experts Charles Stone and Anne
Zissu provide an enlightening overview of how securitization works
and explain how future cash flows from various asset
classes--from credit card receipts to mortgage
payments--can be packaged into bond-like products and sold to
investors.

Once a marginal source of funds, securitization is now an essential
corporate funding technique widely adopted by financial and
industrial companies throughout the world to finance both working
capital and capital budgets. It is also used as a risk-management
tool and a source of liquidity. Securitization has been adapted to
fund corporate acquisitions, to capitalize future streams of
revenue, and to liquidate pools of nonperforming loans.

With examples from companies such as GE Capital, Ford Motor Credit,
Countrywide Home Loans, and D&K Healthcare, The
Securitization Markets Handbook provides descriptions of all
major classes of asset-backed securities and offers a
practice-oriented commentary on trends in securitization and the
value of asset- and mortgage-backed securities across industries
and throughout the global markets.

The authors approach the topic from both sides of the market: the
supply side, where assets are securitized and mortgage- and
asset-backed securities are issued, and the demand side, where
investors choose which classes of mortgage and asset-backed
securities will enhance their portfolios or serve as efficient
hedges. The book's detailed explanations and practical
examples make it a valuable guide both for experienced money
managers trying to put a securitization strategy into place and for
those new to securitization looking to acquire a broad and strong
foundation in the subject.